Dividend Plays Still Are Alive: Portfolio Manager

Talk of the dividend play being tired is overblown, GAMCO Investors Portfolio Manager Barbara Marcin said Thursday on CNBC.

“For one thing, you still have a lot of companies that are still selling at low multiples 10 or 11 multiples of earnings, low multiples of cash, and are paying dividends of 3 to 4 percent, sometimes even more. So, to me, when it’s a crowded trade it’s going to mean that valuation isn’t there,” she said on “Fast Money.”

Some money pros have said recently that playing dividend stocks was an investment approach that was no longer ideal, but Marcin said that was not the case.

“In order for a trade to get crowded, some of the value has to go away,” she said.

Trader disclosure: On Aug. 30, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders: Stephanie Link is long COTT; Stephanie Link is long BMY; Stephanie Link is long GIS; Steve Grasso is long AET; Steve Grasso is long ASTM; Steve Grasso is long BA; Steve Grasso is long F; Steve Grasso is long LNG; Steve Grasso is long MHY; Steve Grasso is long NVIV; Steve Grasso is long PFE; Steve Grasso is long S; Steve Weiss is long JCP; Steve Weiss is long CLNY; Steve Weiss is long QCOM; Steve Weiss is long HK; Steve Weiss is long JNN; Steve Weiss is long AIG; Steve Weiss is long AMTG; Steve Weiss is long AMLP; Steve Weiss is long WLP; Steve Weiss is short X; Steve Weiss is short AKS; Steve Weiss is short TCK; Steve Weiss is short VALE; Joe Terranova is long VRTS; Joe Terranova is long NXPI; Joe Terranova is long EMC; Joe Terranova is long CHKP; Joe Terranova is long CSTR; Joe Terranova is long AAPL; Joe Terranova is long WFM; Joe Terranova is long SBUX.

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